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BlackRock Makes New Push Into Tepid Brazil ETF Market

  • Asset manager releases 37 new ETF-based products for Brazil
  • Recent change allows listing of international shares locally
ETFs in Brazil

BlackRock Inc. is unveiling new products that give Brazilian investors access to international exchange-traded funds, in a push to popularize index-based strategies in the South American country.

The world’s largest asset manager will open up some of its iShares ETFs through locally listed Brazilian depositary receipts, or BDRs, according to the New York-based firm. B3 SA, the country’s sole exchange operator, will list them.